There's a difference between good growth and bad growth at this stage of the cycle and this is clearly not the kind of inflationary growth that the Fed gets overly concerned about,
More Quotes from Diane Swonk:
After the fireworks we've seen coming out of Washington on Friday and Monday, I think the Fed would like to be the least bit of news this week.Diane Swonk
It's all vehicle sales and gas. Chain-store sales were relatively strong during the month, suggesting consumers diverted their vehicle spending to other sectors. We also had a cold snap which prompted early spending on winter wear.
Diane Swonk
We weren't running our heaters very much this winter and this would have the effect of slowing down production,
Diane Swonk
As auto sales taper off, we'll see a reallocation of spending. A resolution of the Iraq situation will cause a relief rally and get companies to invest back into the business, ... Also, oil prices will plummet and that typically stimulates real income growth.
Diane Swonk
If it was going to be one of them, you would have thought they would just move forward.
Diane Swonk
Is the pressure on inflation behind us I think not. Inflationary pressures are not going to surge overnight, but they'll creep up.
Diane Swonk
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